Algorand tests $0.109 resistance with bullish technical signals
Algorand (ALGO)
Editor:
Eugene Serbin
tradersunion.com reports that Algorand (ALGO) is trading at $0.1054, marking a 7.66% increase for the day. The asset is currently positioned above its key moving averages, with the hourly chart showing prices above the MA-20 at $0.0994 and the MA-50 at $0.097. Daily volume has doubled its monthly average, a surge attributed to Diariobitcoin that indicates heightened investor participation and liquidity.
Technical indicators support this strength, as the MACD and ADX signal ongoing upward pressure while the RSI sits at 62.24. The CCI suggests a continued buy bias, and Bull/Bear Power reflects dominant buyer strength in the session. Immediate support is identified at the Ichimoku Kijun level of $0.0992, while the base case involves consolidation up to $0.109 resistance.
A breakout above $0.109 would confirm buyer momentum, whereas a retreat below $0.0992 increases the risk of a deeper pullback. Analysts note that technical improvements and growing institutional focus are driving this renewed upward momentum. The forecasted price range for the next 2 to 3 trading days is $0.0998 to $0.109.
There is a very high probability of further upward movement with a low risk of decline. This breakout sets the stage for traders to monitor $0.109 as a decisive level in the days ahead.
How the market reacted
Whalio's own Binance spot order flow for ALGO, measured when this story was written up on 20 September 2026. Not the outlet's figures.
Whalio data shows ALGO trading at $0.1051 with a 24-hour buy ratio of 53.1%, indicating that buyers controlled the majority of volume over the full day. However, shorter timeframes show a shift, with the 1-hour buy ratio dropping to 43.7% while the 4-hour ratio sits at 51.8%. The 1-hour volume delta is negative at -$119,632, suggesting immediate selling pressure, whereas the 4-hour delta is positive at +$33,135. Over 24 hours, the volume delta is +$252,123, confirming that net buying has outweighed selling over the longer period. The cumulative volume delta closed at +$151,442, with net buying occurring in 14 of the last 24 hours. This indicates that while short-term sentiment has cooled, the broader daily trend remains firmly in favor of buyers.
The latest daily buy ratio of 54.0% sits at the 90th percentile of the last 322 days, against a median of 49.9% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ALGO, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.6%, making today’s 24-hour ratio of 53.1% slightly above average by 1.5 points. Spot volume for the day was $4,073,108, which is 1.71 times the weekly average, marking a significant increase in activity. This volume level aligns with the source's observation of daily volume doubling its monthly average. Net buying occurred on 6 of the past 7 days, contributing to an 8-day price change of +13.4%. The total volume delta for the 8-day period was +$895,180, showing sustained accumulation. This week has been characterized by consistent buying pressure and above-average volume, distinguishing it as an unusual period of strong demand for ALGO.